Companies will be able to claim a one-off payment of £1,000 for every eligible employee they furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and keep continuously employed until at least 31 January 2021.
Those eligible for the scheme do not have to pay this money to their employee. Instead, they can claim the bonus between 15 February and 31 March. To do this they must have submitted PAYE information for the period up to 5 February 2021 on time.
Further information on eligibility and when you can claim can be found at the gov.uk website, by searching ‘Job Retention Bonus Guidance’. Further guidance on the claim process will be published by the end of January 2021.